Al Ramz partners with CNBC-Arabia
UAE, August 22, 2011
Al Ramz Securities, one of UAE’s leading brokerage houses, has entered into a partnership agreement with CNBC-Arabia in cooperation with Awal IT Services, the company said.
The agreement was signed by Mohammad Murtada Al Dandashi, partner and managing director, Al Ramz Securities; Nasr Abu Shoaib, CEO, Awal IT Services; and Nabeel Hood, representative for CNBC-Arabia.
Under the terms of the agreement, CNBC will tap Al Ramz’s ‘Borsat’online trading platform for its TV show ‘Al Mahfaza’ to be broadcast under the auspices of the UAE’s Securities and Commodities Authority (SCA) and with the full technical support of Al Ramz Securities.
This will enable CNBC clients to execute sales and purchase orders in the markets via internet under the supervision of Al Ramz’s Research and Consulting Department which in turn will provide the best means to invest in the UAE’s capital markets.
In this context, both parties have agreed to set an appropriate Borsat-related environment of systems, connectivity, installation and deployment in cooperation with Awal IT Services.
“We believe that the ability to provide industry services incorporating the latest electronic trading brokerage platforms in the securities’ market is an important factor in promoting client confidence in our company. Al Ramz Borsat is a comprehensive system that will certainly meet the needs and requirements of CNBC clients, in an easy, safe and effective manner,” said Al Dandashi, CEO of Al Ramz Securities.
Launched in 2007, the electronic trading solution ‘Al Ramz Borsat’ allows its users to carry out local share trading via the internet, monitor the markets and then automatically submit their applications within seconds after determining market movements.
The company recently upgraded the system to include automatic updates and periodic error correction. It now also includes a multi-screen Professional Traders Setup to provide a more detailed market view.
Al Ramz Securities is one of the largest brokerage houses in the Abu Dhabi Stock Exchange (ADX) and the Dubai Financial Market (DFM) and offers a host of retail, electronic and Islamic brokerage services through its branches in Dubai and Al Ain and offices across the Mena region. – TradeArabia News Service